Latest News:  
Beijing   Cloudy/Sunny    4 / -7   City Forecast

People's Daily Online>>World

White House delaying debt ceiling request

(China Daily)

08:09, December 31, 2011

HONOLULU - US President Barack Obama has agreed to delay submitting a debt ceiling increase request until next month to allow lawmakers time to consider it while they are in session, the White House said on Friday.

Under an August deal between Obama's Democrats and the Republicans, Congress is unlikely to block the expected $1.2 trillion increase request, ensuring that the debt limit will not be reached again until after November's presidential election.

"We have been asked by the bicameral leadership of Congress to delay certification in order to give both houses time to consider when the votes may occur, given the current congressional schedule," said White House spokesman Josh Earnest.

"The president has agreed to Congress' request to delay submission of the certification," Earnest told reporters in Hawaii, where Obama is vacationing with his family. The US House of Representatives is out of session until January 17.

The Treasury had said on Tuesday that Obama would likely seek authority before week's end to raise the borrowing limit by $1.2 trillion, under an agreement negotiated between Congress and the White House this past summer.

Congress has 15 days to vote on a resolution of disapproval for the debt limit hike once Obama submits the notification, but the president would be able to veto any such vote.

【1】 【2】 【3】

Email|Print|Comments(Editor:王莉莉)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Workers set up Chinese red lanterns around Temple of Heaven

  2. Wall Street ends flat for year despite a big volatile year

  3. In Pictures: Iranian naval maneuvers enter 7th day

  4. As Spring Festival coming, more than 100 migrant workers still stay in Zhengzhou

Most Popular

Opinions

  1. Japan's case of flawed priority
  2. Move to send 'alarming signal' across Asia
  3. EU's airline carbon tax may backfire
  4. Asian countries refuse to 'take side'
  5. US uses 'hedging strategy' to deal with China's rise
  6. What is behind US 'Return-to-Asia' strategy?
  7. China's GDP growth may slow to 8 pct in 2012
  8. China's economy not to suffer a hard landing
  9. Common interests prevent 'Cold War'
  10. War-related carbon emissions deserves attention

What's happening in China

As Spring Festival coming, more than 100 migrant workers still stay in Zhengzhou

  1. Beijing tourism realizes great lead forward
  2. Panda shows carnivorous side
  3. Local governments quiet on housing restrictions
  4. Shenzhen finds cancer-causing mildew in food
  5. China busts counterfeit drug racket

PD Online Data

  1. Traditional Mooncakes
  2. About Mooncakes
  3. History of Mooncakes
  4. Modern Mooncakes
  5. Legends of Mid-Autumn Festival